It seems everything costs more these days. Milk, eggs, gas
and even coal – the price of each of these commodities has risen in the last
And as we all know, the media loves to point this stuff out.
There are articles and news reports like
this one nearly everyday, telling us that as the price of fuel goes, so go
our electric bills.
But one important fact is often left out, which is that even
with price increases coal is still by far our cheapest full source. Here’s how
some of our major energy sources stack up based on the average cost in dollars per million Btu for 2007 (annual
average for the full year):
Coal — $1.78
Petroleum liquids —
Natural gas — $7.45
(You can take a
look for yourself at www.eia.doe.gov/cneaf/electricity/epm/epm.pdf)
like these make it clear that we need to continue to develop carbon capture and
clean coal technologies. Finding better ways to use our most affordable and
abundant fuel source will not only help us keep America running, it will help ease
the costs of doing so.